Consumers State They'd Happily Pay Up to €600 for the Newest Console (Image: Sony)

With many analysts speculating that PS5 and Xbox Scarlett will be arriving during next year’s holiday period, there is inevitably a lot of talk about how much this new tech is going to cost.

One website, CHIP.de, have been running a survey to see how much consumers would pay for PS5. Well over 5,000 people voted in the survey and it seems that the price gamers would be willing to pay is between €400 and €600.

In pounds that correlates to roughly £550 (top end). That is significantly more than the original price point of the PS5’s predecessor the PS4, which was available at launch for £349.99 in the UK.

The jump from £350 to £550 is huge, even when inflation (remember the PS4 launched back in 2013) is taken into account. That’s a lot of extra strain on a gamer’s bank account.

However, the PS5 boasts some pretty impressive specs as demonstrated by a YouTuber who recently tried to build his own. Key standout features include a custom-designed Ryzen 3 CPU, 8K visual display and an SSD drive for super-fast loading times.

The Survey on CHIP (Image: https://www.chip.de/news/600-Euro-oder-sogar-mehr-So-teuer-darf-die-PlayStation-5-werden_171768698.html)

With all that fancy tech, maybe gamers are open to paying more for the newest console. And that’s good news for Sony because, if they price PS5 below £550, CHIP’s survey suggests that gamers are going to be satisfied and potentially happy to part with their cash.

But what do PlayStation themselves have to say on the matter? Well, Mark Cerny, Lead System Architect for the PS4, has been asked multiple times about the price point of the newest console and has mostly remained evasive with his responses.

During a Twitter conversation with Peter Rubin at Wired Cerny was asked about the price of the PS5 and replied:

‘I believe that we will be able to release it at an SRP [suggested retail price] that will be appealing to gamers in light of its advanced feature set.’

The PS5 will likely be more expensive than the PS4 given its improved specs, but that also means that the new console will likely be fitted with enough gadgets and features to make a higher asking price worth it.

And there’s more to consider too. PlayStation is still competing with Xbox and Sony could potentially release the console at a cheaper price to draw consumers away from Xbox Scarlett. This is why competition is good for consumers!

PS5 is likely to release at the end of next year and, while information is limited, we might hear more information in the upcoming State of Play Livestreams or during the upcoming PlayStation Experience.

For more news on PlayStation 5 and Xbox Scarlett stay tuned to Daily Star Gaming.